published: 06 April 2021
It is likely that global economies will soon face a “hyper inflation”, which will determine an increase of the price of foodstuff above all.
The current economic period has several structural similarities with the first post-war period situation. It was characterized by 9 years of expansion of the money supply and a year of hyperinflation in 1923.
The extreme Quantitative Easing (QE) implemented by FED (and by BCE, BE, BJ and BNS) as a consequence of Covid19 (but started in 2010 to support post-subprime economy) created the perfect basis for a 2.0 version of the economic tragedy of 1923.